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LaDanion's Limos reports net income of $115,000, average total assets of $550,000, and average total liabilities of $190,000. Calculate LaDanion's return on assets and return

LaDanion's Limos reports net income of $115,000, average total assets of $550,000, and average total liabilities of $190,000. Calculate LaDanion's return on assets and return on equity ratios. (Round your final answers to 1 decimal place.) LaDanion's Limos Return on Assets Return on Equity LaDanion's Limos % %

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